ADB Opens Mongolian Togrog-linked Bond Market

Ulaanbaatar /MONTSAME/ The Asian Development Bank (ADB) has raised 21 billion Mongolian togrog (MNT), about $7.5 million, in a groundbreaking issue of the first offshore MNTlinked nomad bonds. The issue sets a new benchmark in the international bond market for frontier currencies. The bond carries a 10.1% semi-annual coupon with an amortizing 5-year maturity. Denominated […]